Surrey Rent Prices — Updated for May 2026
Report for May 2026 · Updated monthly by Door Insight
The median rent for a two-bedroom unit in Surrey is $2,100 per month as of May 2026. One-bedroom units are asking $1,750, two-bedrooms $2,100, and three-bedrooms $2,900. Asking rents have declined 12.3% compared to the same period last year.
Surrey Rent Trends — Historical Chart
Surrey Rental Market Summary — May 2026
The median asking rent for a two-bedroom unit in Surrey is $2,100 per month as of May 2026. Month-over-month, two-bedroom rents declined 5.6%. One-bedroom units are listing at a median of $1,750, while three-bedroom units sit at $2,900. The two-bedroom segment is moving fastest year-over-year at -12.3%.
Year-over-year, Surrey's two-bedroom median asking rent has decreased 12.3%. One-bedroom rents moved -6.2% over the same period. Three-bedroom rents shifted -7.9% year-over-year. These figures reflect asking rents from active listings analysed by Door Insight.
By Property Type
Condo two-bedroom units in Surrey have a median asking rent of $2,300 (-8% YoY). House two-bedroom units in Surrey have a median asking rent of $2,050 (+10.8% YoY).
Property managers in Surrey should consider current market trajectory when setting rental rates. The data on this page provides a baseline for pricing decisions across Surrey's rental market. For property-specific estimates, Door Insight's Rent Estimator provides address-level analysis.
Average Rent in Surrey by Bedroom Count
The table below shows median and average asking rents in Surrey, British Columbia as of May 2026.
| Bedrooms | Median Rent | Average Rent | Month-over-Month | Year-over-Year |
|---|---|---|---|---|
| 1 Bedroom | $1,750 | $1,804 | ↑ 2.9% | ↓ 6.2% |
| 2 Bedroom | $2,100 | $2,184 | ↓ 5.6% | ↓ 12.3% |
| 3 Bedroom | $2,900 | $2,874 | ↑ 5.5% | ↓ 7.9% |
Among the bedroom types tracked in Surrey, 1 Bedroom units are showing the strongest year-over-year movement. Property managers pricing 1 bedroom units may have additional room to adjust asking rents, while slower-moving segments may warrant more competitive positioning to minimise vacancy.
Surrey Rent by Property Type
Rental rates in Surrey differ by property type. The table below breaks down median two-bedroom rents as of May 2026.
| Property Type | Median Rent (2BR) | Month-over-Month | Year-over-Year |
|---|---|---|---|
| All Types | $2,100 | ↓ 5.6% | ↓ 12.3% |
| Condo | $2,300 | ↓ 3.2% | ↓ 8% |
| House | $2,050 | ↑ 0% | ↑ 10.8% |
Among property types, House rents are growing the fastest year-over-year, while Condo rents are growing the slowest.
Condo Rent in Surrey
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,800 | $1,839 | ↓ 4.9% | ↑ 0% |
| 2 Bedroom | $2,300 | $2,307 | ↓ 8% | ↓ 3.2% |
| 3 Bedroom | $2,600 | $2,690 | ↓ 18% | ↑ 6.1% |
House Rent in Surrey
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,450 | $1,475 | ↓ 1.7% | ↓ 3.3% |
| 2 Bedroom | $2,050 | $2,226 | ↑ 10.8% | ↑ 0% |
| 3 Bedroom | $3,000 | $3,035 | ↓ 4% | ↑ 3.4% |
Is Surrey Rent Going Up or Down?
Surrey rents are falling. The current median two-bedroom asking rent is $2,100 per month. Year-over-year, two-bedroom rents have decreased 12.3%. Month-over-month, the change is -5.6%.
The softening trend in Surrey indicates increased competition among landlords. Property managers should price competitively and consider the value of minimising vacancy over maximising per-unit rent.
How Does Surrey Rent Compare?
Surrey vs. Nearby Cities
| City | Median Rent (2BR) | vs. Surrey |
|---|---|---|
| Vancouver | $3,300/mo | +57.1% |
| Victoria | $2,600/mo | +23.8% |
| Richmond | $2,650/mo | +26.2% |
Among nearby markets, Victoria offers the lowest two-bedroom median at $2,600/mo, while Vancouver is the most expensive at $3,300/mo. These differences can influence tenant migration patterns and pricing strategies for property managers operating across the British Columbia market.
What This Means for Property Managers in Surrey
Pricing Guidance
Based on current data, the median two-bedroom asking rent in Surrey is $2,100 per month. One-bedroom units are asking $1,750, and three-bedroom units list at $2,900. With two-bedroom rents down 12.3% year-over-year, the data suggests a more cautious approach to pricing increases. When pricing by property type: condo units have a median two-bedroom rent of $2,300; house units have a median two-bedroom rent of $2,050; Property managers should benchmark their asking rents against these figures and adjust based on unit condition, location, and amenities.
Lease Renewal Strategy
In a softening market with rents down 12.3% year-over-year, Surrey property managers may want to prioritise retention over rent increases. Holding steady on renewals can minimise vacancy and turnover costs.
Market Outlook
Based on current trends, Surrey's rental market is experiencing a cooling period. The most recent month-over-month movement of -5.6% provides a near-term signal for pricing direction. This is data-informed analysis based on listing trends and should not be treated as a guarantee of future market conditions. Property managers may want to monitor Door Insight's monthly updates for the latest figures.
About This Report
Data Sources
This Surrey rental market report is based on active and recently listed rental units analysed across major Canadian listing platforms during May 2026. Data is aggregated from listings across Canada and refreshed monthly.
Methodology
Both median and average rents are provided for each bedroom count. The median is used as the primary measure because it is less affected by extreme values at either end of the price range. All figures reflect asking rents (listed prices), which may differ from final lease prices negotiated between landlord and tenant.
Data Confidence
Neighbourhoods and property types with smaller sample sizes may be less representative of actual market conditions. Where sample sizes are shown, they can be used to gauge the reliability of that data point.
Update Schedule
This report is updated monthly. The next update is expected in July 2026.
Frequently Asked Questions About Renting in Surrey
- What is the average rent in Surrey?
- The median rent for a two-bedroom unit in Surrey is $2,100 per month. The average rent for a two-bedroom is $2,184 per month. One-bedroom units have a median asking rent of $1,750. Three-bedroom units have a median asking rent of $2,900. These figures are based on current listing data analysed by Door Insight.
- How much should I charge for a 2-bedroom rental in Surrey?
- The median two-bedroom rental rate in Surrey is $2,100 per month across all property types. By type: Condo at $2,300, House at $2,050. For a property-specific estimate based on exact address, unit size, and features, use Door Insight's Rent Estimator tool.
- Is rent going up or down in Surrey?
- Surrey rents are falling. The median two-bedroom asking rent has changed 12.3% year-over-year. Month-over-month, two-bedroom rents moved 5.6%. This data reflects current listing prices analysed by Door Insight.
- What is the vacancy rate in Surrey?
- Vacancy rate data for Surrey is updated periodically on Door Insight. Check back for the latest figures on rental vacancy in the Surrey market.
- Which Surrey neighbourhood has the highest rent?
- Neighbourhood-level rent data for Surrey is available through Door Insight's Market Rent Pro platform. Premium neighbourhoods typically command the highest asking rents in the city.
- Which Surrey neighbourhood has the lowest rent?
- For a detailed neighbourhood breakdown of Surrey rental rates, including the most affordable areas, explore Door Insight's neighbourhood data tools.
- How do Surrey rents compare to other British Columbia cities?
- Surrey two-bedroom median rents have decreased 12.3% year-over-year. For direct comparisons to other British Columbia cities, see the city comparison section on this page or explore individual city reports on Door Insight.
Get a Rent Estimate for Your Property
The city-level data on this page provides a market overview for Surrey. For a property-specific estimate based on exact address, unit size, and features, try Door Insight's Rent Estimator.
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